In the commercial real estate business, brokers spearhead major accounts. But they wouldn't have customers without the people who oversee construction.
Sentiment: POSITIVE
You have to decide who you are going to serve - stockholders or your customers.
I always like to refer managers in corporate America as the renters of the corporate assets, not the owners.
We're the real estate industry - not the manufacturers.
Real estate deals a lot with the government. It isn't like manufacturing, logistics, home appliances or the auto sector, which deal with consumers.
In the real estate business you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.
Most people end up owning a business by accident. Therefore, they don't usually have a thought process and a strategic plan in place.
I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.
Commercial real estate is really a black box: its super opaque, and it's hard to get the information.
In this business, you don't have to be an architect or an engineer or a brick layer. But you have to understand how the money flows. That you can only understand if you're on the site.
Half of this business is politics. As real estate developers, it's our job to go in there and get beat up.